Form R-1397 Purchases of Electricity for Use by a Stripper Well - Louisiana

What Is Form R-1397?

This is a legal form that was released by the Louisiana Department of Revenue - a government authority operating within Louisiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form R-1397?
A: Form R-1397 is a document used for reporting purchases of electricity for use by a stripper well in Louisiana.

Q: What is a stripper well?
A: A stripper well is an oil or gas well that has low production rates.

Q: Why is electricity important for stripper wells?
A: Electricity is used to power the equipment and pumps required to extract oil or gas from stripper wells.

Q: Who needs to fill out Form R-1397?
A: Any individual or entity that purchases electricity for use in a stripper well in Louisiana needs to fill out this form.

Q: What information is required on Form R-1397?
A: The form requires details on the purchaser, the electricity supplier, the well location, the amount of electricity purchased, and other related information.

Q: Are there any deadlines for filing Form R-1397?
A: Yes, the form needs to be filed on a monthly basis and must be submitted by the 20th day of the following month.

Q: Are there any penalties for not filing Form R-1397?
A: Yes, failure to file the form or providing false information may result in penalties, including monetary fines.

Q: Can I get assistance with filling out Form R-1397?
A: Yes, if you need assistance with filling out the form, you can reach out to the Louisiana Department of Revenue for guidance.